Grovy India Ltd

Grovy India Ltd has announced the closure of its trading window for designated persons and insiders. This restriction will be in effect from July 1, 2026, until 48 hours after the declaration of the company's un-audited financial results for the first quarter ended June 30, 2026. The specific date for the board meeting to consider these results will be communicated later. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent potential insider trading activities.

Grovy India Ltd has announced the acquisition of a new premium luxury residential project located in Gulmohar Park, New Delhi. This strategic move expands the company's footprint in a prestigious South Delhi neighborhood. The project has an estimated development area of 20,000 sq. ft and aligns with Grovy India's strategy of developing high-quality, luxury residential spaces. The company anticipates this acquisition will strengthen its project portfolio and contribute positively to its long-term growth in the premium real estate segment. The disclosure is made voluntarily and is not considered 'Material Information' by the company.

Grovy India Limited has submitted its 41st Annual Report for the Financial Year 2025-26, as per SEBI (LODR) Regulations, 2015. The report, available on the company's website, details its operations, strategy, and financial performance. Grovy India, a Delhi-based real estate developer established in 1985, focuses on premium boutique residential projects in South Delhi, emphasizing location, quality construction, and customer-centricity. The annual report covers sections on corporate milestones, chairman's message, business strategy, project portfolio, financial statements, and management discussions, highlighting the company's commitment to growth and stakeholder value.

Grovy India Limited has announced that its 41st Annual General Meeting (AGM) will be held on Wednesday, July 08, 2026, at 03:00 P.M. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Key agenda items include the adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, the declaration of a final dividend of 1% (Rs. 0.10 per share), the re-appointment of Mrs. Anita Jalan as Director, and a proposal to increase the authorized share capital from ₹13.50 crore to ₹25 crore.

Grovy India Ltd announced significant changes in its Board of Directors and Key Managerial Personnel following a board meeting on June 12, 2026. Mr. Prakash Chand Jalan has been appointed as the new Managing Director & Chairperson for a five-year term, subject to shareholder approval. He transitions from his Non-Executive Director role. Mr. Nishit Jalan will step down as Whole-time Director & CEO but will assume the role of Chief Financial Officer. Mr. Ankur Jalan ceases to be CFO and is appointed as a Non-Executive Director. These changes are part of a strategic restructuring aimed at enhancing governance and growth.

Grovy India Ltd announced significant management changes following a Board of Directors meeting on June 12, 2026. Mr. Prakash Chand Jalan has been appointed as the new Managing Director and Chairperson for a five-year term, subject to shareholder approval. Concurrently, Mr. Nishit Jalan will transition from Whole-time Director cum CEO to Chief Financial Officer. Mr. Ankur Jalan will cease his role as CFO and be appointed as a Non-Executive Director. These changes are effective immediately and are subject to necessary shareholder approvals.

Grovy India Limited has announced that its Board of Directors will convene on June 12, 2026, to consider and approve a significant restructuring of its senior management and leadership framework. Key changes include the potential appointment of Mr. Prakash Chand Jalan as Managing Director cum Chairperson, Mr. Nishit Jalan as Chief Financial Officer, and Mr. Ankur Jalan as Non-Executive Director, subject to necessary approvals. These changes aim to redefine the company's leadership structure and may involve consequential shifts in the Board of Directors and Key Managerial Personnel.

Grovy India Limited's Board of Directors has approved a significant increase in authorized share capital from ₹13.5 crore to ₹25 crore. Concurrently, the board sanctioned a preferential issue of up to 41,69,433 equity shares at ₹36 per share, aiming to raise approximately ₹150 crore. These funds will be raised from promoter and promoter group entities, as well as public category investors. The company also approved the draft notice for its 41st Annual General Meeting (AGM) scheduled for July 8, 2026, where shareholders will vote on these proposals. Additionally, a final dividend of 1% (₹0.10 per share) for FY26 was recommended, with July 1, 2026, set as the record date.

Grovy India Limited has announced a Board of Directors meeting scheduled for June 9, 2026. The agenda includes considering the issuance of instruments like equity shares or convertible securities via preferential issue or rights issue, recommending a final dividend of 1% (₹0.10 per share) for FY26, and approving the Annual Report. The meeting will also fix the date for the 41st AGM, re-appoint a director, and discuss increasing authorized share capital and CEO/CFO remuneration. The trading window remains closed until 48 hours after the meeting's outcome.

Grovy India Ltd. announced the closure of its trading window for insiders from Tuesday, June 2, 2026, until 48 hours after the declaration of the outcome of the Board meeting. This action complies with SEBI's (Prohibition of Insider Trading) Regulations, 2015. The date of the Board Meeting for consideration of relevant matters will be announced later.